Description

Appreciation of multifamily housing has returned with upward spikes. However, the market can swing and it is important to consider and forecast a baseline for real estate construction levels. One reason for the upward spike in appreciation and home prices is that construction has slowed while population numbers continue to rise.
In addition to construction it is important to consider job growth and personal income growth to find an accurate level of future appreciation. Probability suggests that appreciation will go up in markets where there is job growth. Another thing to consider is that job growth is uneven in varying sectors. While some industry may be booming with job growth, other areas may be laying off employees due to changing markets and demands.

So, that leaves the best long-term indicator of appreciation, personal income. Income growth is not helpful for short-term numbers but will give clear indications of appreciation with long-term analysis. To figure out real estate appreciation using income growth, follow these steps. First, select your market and separate it by income. The next step is to overlay that with income growth. After that, the following analysis will give you a great correlation between increases in personal income and property appreciation.

Additionally, there are two other factors that will lessen appreciation. These are mortgage under-writing standards and rising interest rates. This is the reason multifamily real estate appreciation is in flux. As interest rates rise, prices shrink and as personal incomes rises so do prices. Despite this, personal income can still help as a long-term indicator of multifamily housing appreciation.

Appreciation of Multifamily Housing By Giro Katsimbrakis February 12, 2014 Appreciation of multifamily housing has returned with upward spikes. However, the market can swing and it is important to consider and forecast a baseline for real estate construction levels. One reason for the upward spike in appreciation and home prices is that construction has slowed while population numbers continue to rise. In addition to construction it is important to consider job growth and personal income growth to find an accurate level of future appreciation. Probability suggests that appreciation will go up in markets where there is job growth. Another thing to consider is that job growth is uneven in varying sectors. While some industry may be booming with job growth, other areas may be laying off employees due to changing markets and demands. So, that leaves the best long-­‐term indicator of appreciation, personal income. Income growth is not helpful for short-­‐term numbers but will give clear indications of appreciation with long-­‐term analysis. To figure out real estate appreciation using income growth, follow these steps. First, select your market and separate it by income. The next step is to overlay that with income growth. After that, the following analysis will give you a great correlation between increases in personal income and property appreciation. Additionally, there are two other factors that will lessen appreciation. These are mortgage under-­‐writing standards and rising interest rates. This is the reason multifamily real estate appreciation is in flux. As interest rates rise, prices shrink and as personal incomes rises so do prices. Despite this, personal income can still help as a long-­‐term indicator of multifamily housing appreciation. Giro Katsimbrakis has twenty years worth of real estate industry experience. He began as a leasing agent for Kiska Developers in New York City, and quickly worked his way up the company ladder to Director of Sales. After bringing the company out of the red and expanding its office to over twenty agents, he started his own commercial and residential real estate company, East River Properties. After taking over the Las Vegas and Arizona markets, Giro Katsimbrakis relocated to the Dallas/Fort Worth area and founded DPW Properties, which he is currently in the process of expanding nationwide. Throughout his long and successful career, Giro has rehabbed over four hundred properties, and bought and sold millions of dollars worth of real estate.

Giro Katsimbrakis - Managing Member - DPW PROPERTIES | XING

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